Description:Cessnock-Located in the fast growing area of the Hunter Valley, short distance from Newcastle and Sydney, this 28 unit, quality motel with long lease, is well-positioned in the town centre, one block back from all the town services. Surrounded by restaurants, hotels and clubs, all within short walking distance from the property and situated next door to a popular hotel providing good meals, the current LH Owners have chosen not to run the restaurant present on the property allowing customers to enjoy meals outsourced and making this a true B&B only motel. Enjoying a great mix of trade with workers and corporates weekly as well as a vast amount of tourists on the weekends, partaking in the concerts and activities on offer in the Hunter Valley. Current owners of 12 years are saying it's time to sell...so don't miss out on an excellent opportunity to successfully purchase a solid, well-established business, rare to the market being close to Sydney.
Number of Rooms: 28
Construction:Brick & Tile
AAA Rating: 3.5
Year Built: 1984
Residence: Comfortable 3brm, ground floor residence with ensuite, bathroom, A/con and own kitchen
Restaurant:Yes-Only used for in house Group breakfasts; Licenced premises
Services:Pool-Salt; Guest Laundry; Truck/Coaches parking Meals: Breakfast to units; Charge back available
2018 (Proj on 6mths) (TBC) Turnover: $630,000.00
2017 (TBC) Turnover: $565,000.00
2016 (TBC) Turnover: $490,000.00
(NAR : "Net After Rent" NOP: "Net Operating Profit")
Last Updated: 27 April 2018
Contact: Steve Herington
Mobile: 0408 537 028
Disclaimer: Every effort has been made to provide accurate information as possible. However, New South Wales Motel Brokers is not responsible for misstatement of facts, errors or omissions. It is recommended that a purchaser to rely on his or her own enquiries.